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2024-12-31-accounts

ST PAUL'S STALYBRIDGE

Annual Report and Financial Statements of the Parochial Church Council

For the year ended 31 December 2024 St Paul's Stalybridge is a UK registered charity number

1204186

2024 REPORT AND ACCOUNTS FOR THE PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHURCH, STALYBRIDGE

Contents

Legal & Administrative Details 2 Annual Report 3 to 9 Independent Examiner’s Report 10 Receipts and Payments Account 11 Statement of Assets and Liabilities 12 Notes to the Accounts 13 to 15

1. Legal and Administrative Information

Charity Name ST PAUL’S CHURCH, STALYBRIDGE

Charity registration Number 1204186

Governing Documents Parochial Church Councils (Powers) Measure 1956, as amended: Church Representation Rules – contained in Schedule 1 to the Church Representation and Ministers Measure 2019 (No 1).

Independent Examiners Archie McDowall BA CA, Stewardship, 1 Lamb’s Passage, London, EC1Y 8AB Banks Virgin Money, Clydesdale Bank, Symington House, 7 North Avenue, Clydebank Park, Clydebank, G81 2NT Natwest Bank Plc. 250 Bishopsgate, London, EC2M 4AA CCLA Investment Management Limited, One Angel Lane, London, EC4R 3AB

Correspondence Address St Paul's Vicarage Huddersfield Road Stalybridge SK15 2PT Telephone 0161 338 2966

Email emma.handley@stpauls-staley.org.uk

Website www.achurchnearyou.com/church/12838/

Context St Paul’s Church is situated in the Eastern part of Stalybridge and, as part of the Church of England, is located in the Diocese of Chester.

Incumbent

Rev Emma Handley, The Vicarage, Huddersfield Road Stalybridge, Cheshire, SK15 5PT

Other Staff Member

Paul Smith Centre Manager

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2024 REPORT AND ACCOUNTS FOR THE PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHURCH, STALYBRIDGE

Trustees / PCC Members serving during 2024

----- Start of picture text -----
Role Name Note
Incumbent /
Rev Emma Handley
PCC Chair
Churchwardens Alison Smith To April 2024 APCM
Sue Goddard To April 2024 APCM
Kath Leigh From April 2024 APCM
Helen Whitelegg From April 2024 APCM
Deanery Synod Jacintha Manchester To 2025 APCM
Members Judith Davy To 2025 APCM
Viv Dawson To 2025 APCM
Fiona Flint To April2024 APCM
Janet McBride To April2024 APCM
Carol Wallwork To April2024 APCM
Graham Handley Elected 2022 APCM to 2025 APCM
Sally Fielding Elected 2023 APCM to 2026 APCM
Jacqui Barker Elected 2023 APCM to 2026 APCM
Stuart Hobday Elected 2023 APCM to 2026 APCM
Paul Manchester Elected 2024 APCM to 2027 APCM
Christine Dolan Elected 2024 APCM to 2027 APCM
Michael Allcock Elected 2024 APCM to 2027 APCM
Paul Smith (Centre To 2024 APCM - then co-opted May 2024 by
Co-opted Manager) PCC
Members To 2024 APCM - then co-opted May 2024 by
Jackie Yates (Treasurer) PCC
Non-member Stephen Parkin
Appointed 2023 by PCC
Appointee (Secretary)
----- End of picture text -----

Responsibilities of Trustees

Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the PCC, which meets regularly to monitor the activities of the charity. Responsibility for the day to day operations of the charity also rests with the PCC.

Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

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2024 REPORT AND ACCOUNTS FOR THE PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHURCH, STALYBRIDGE

Statutory Duties

In pursuing the aims described in this report the Trustees can confirm that they have:

It is our intention that no one starts a paid or voluntary role with children, youth, or adults at risk before they have received appropriate training and been taken through the DBS process. The Diocese has produced a Basic and Foundational e-learning safeguarding training tool, which we ask all volunteers and staff and PCC to do. We are also suggesting that they work through the Domestic Abuse Awareness training too. A link to our safeguarding policy is on our website and a copy is held within the church vestry.

2. Aims and Purposes

The charity is responsible for co-operating with the incumbent in promoting, to the ecclesiastical parish, the whole mission of the church – pastoral, evangelistic, social and ecumenical. Through our love of Jesus we seek to be a church who: extends welcome and hospitality to everyone; loves God with all our heart and others as ourselves; and invites the transforming power of God’s Holy Spirit to be at work in our lives and community.

3. Objectives

Vision

Our Vision is to be ‘Welcoming; Loving; Transforming’ through the power of Jesus. This was launched in September 2024.

Welcoming

The welcome that we provide to our community is an expression of hospitality which is rooted in our love of Jesus. We believe that the way in which we treat our neighbours who come through our doors during the week or who we meet whilst working outside of the church building should express the love of Jesus. Therefore we aim to:

Loving

Our aim is to love others as Jesus loves us. This is what Jesus commanded his followers to do and demonstrated in his own life and death. Therefore we aim to break down barriers that exist between people by:

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2024 REPORT AND ACCOUNTS FOR THE PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHURCH, STALYBRIDGE

Transforming

We believe that demonstrating the love that Jesus has for us through our actions leads to transformation. Therefore we look to:

4. What we did in 2024

4.1 Ministry Review

We began 2024 by carrying out a Mission Action Planning process to assess the strength of our worshipping community and to set priorities for focus over the next three years. From this process we identified three main areas which needed our attention as a church.

  1. We identified that we needed a vision statement the would help shape our mission in the community and all our church activity. We therefore worked on this as a group and launched our current vision statement.

  2. We identified a need to make our worship style more accessible, varied and inspiring. We are looking to introduce a wider range of songs, styles of music and liturgy, along with a focus on our young musicians taking a greater role in leading worship.

  3. We identified a need to develop discipleship for all ages through the structure of small groups. We have a growing church with new people coming to faith who need to be nurtured so small groups will be an important part of this, along with the Alpha course which we continue to run. We also recognise the importance of creating relationships with our community.

In line with our vision in 2024 we encouraged discipleship and worship by :

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2024 REPORT AND ACCOUNTS FOR THE PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHURCH, STALYBRIDGE

We focussed on the discipleship of our children and young people by:

We encouraged our Mission and Outreach by :

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2024 REPORT AND ACCOUNTS FOR THE PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHURCH, STALYBRIDGE

4.2 PCC Review

The PCC met again six times during the year, with Standing Committee meetings in between. five in person and one by Zoom with an extraordinary meeting in March to discuss the Church Audit Group’s report.

The APCM took place on 21st April 2024 and at this meeting we said goodbye to retiring PCC members Fiona Flint, Janet McBride and Carol Wallwork, together with retiring Wardens Alison Smith and Sue Goddard. We welcomed to the PCC Paul Manchester, Christine Dolan and Michael Allcock, together with newly appointed Wardens Kath Leigh and Helen Whitelegg. We are extremely thankful for all their contributions, input and invaluable hard work during their terms in office. Jackie Yates, Treasurer, was co-opted onto PCC at the meeting.

5. Mission

Our mission partners are Stalybridge Street Pastors; Gap Kenya, and Siloam orphanage. We also support/maintain connections with the Trussell Trust, Christian Aid, Open Doors, Samaritan's Purse through fund raising events and donations.

6. Financial Review (Please see separate document for full details)

During the year income increased by £41,898 to £149,867, and expenditure increased by £25,911 to £146,647. As a result, the cash held by the charity increased by £3,221 to £11,078. This comprised restricted cash of £13,191 and an overdrawn balance of £2,113 on unrestricted cash. As and when it becomes necessary, the PCC will be able to sell some of its unrestricted investments to cover the shortfall in unrestricted cash.

7. Reserves Policy

The PCC has determined that the charity should aim to hold unrestricted cash and investments of no less than £10,000 so that the charity could continue to meet its usual operating expenses should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash and investments of £113,000 (comprising unrestricted investments of £115,000 less a cash deficit of £2,000) and the charity is complying with its reserves policy. Most of the excess above £10,000 is being held to help meet the cost of future repairs to the church building.

8. Risk Statement

The charity is exposed to various risks – operational, financial or reputational. The PCC reviews its activities regularly to identify significant risks and, where possible, it takes appropriate measures to mitigate those risks.

9. Quinquennial Inspection / Building Maintenance

The last quinquennial inspection was carried out in July 2020, therefore the next one is due in 2025.

During the past year various projects were initiated or have been progressing within the church building.

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2024 REPORT AND ACCOUNTS FOR THE PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHURCH, STALYBRIDGE

10. Structure, Governance and Management

Each area of the church's life and ministry falls under the oversight of the vicar and the PCC. The PCC drew on the blessings of the skills of the many members of our church family beyond the PCC in order to help it meet its responsibilities.

10.1 Parochial Church Council (PCC)

The PCC is a body corporate established by the Church of England and operates under the Parochial Church Council (Powers) Measure and the Church Representation Rules. Members of the PCC are either ex-officio; elected representatives of Deanery Synod; elected at the Annual Parochial Church Meeting (APCM); or co-optees.

The ex-officio members of the PCC are:

the Vicar (PCC Chair)

two churchwardens – elected each year at the meeting of parishioners

There were three vacancies for election to Mottram Deanery Synod available to St Paul's Church in 2024 – Judith Davy, Viv Dawson and Jacintha Manchester were elected to 2025 ACPM. Elections take place every three years, and the next elections will be conducted at our 2026 annual meeting. Rev Emma Handley is also a member of Deanery Synod.

PCC members are responsible for making decisions on all matters of general concern to the parish including deciding how the funds of the PCC are to be spent. All PCC members are trustees of the charity. Elected PCC members serve for a three-year term, with four elected members standing down each year. All eligible church attendees are encouraged to register on the Electoral Roll and, if they wish, to stand for election to the PCC.

10.2 Standing Committee

This is the only committee required by statute. It has power to transact the business of the PCC between full Council meetings, subject to any directions given by the council. Its

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2024 REPORT AND ACCOUNTS FOR THE PAROCHIAL CHURCH COUNCIL OF ST PAUL'S CHURCH, STALYBRIDGE

membership is determined by the PCC and currently comprises the vicar, PCC secretary, treasurer and two church wardens. The standing committee meets 6 times a year.

10.3 Other PCC Teams/Sub-groups

In the course of 2024 the PCC gave delegated authority to a number of teams/sub-groups:

Buildings and Maintenance team

The Buildings Team is concerned with the care of the Church building and its grounds, their fitments and fittings, together with building cleaning and any care-taking services. Serving on this team are the Vicar; the Wardens; the Deputy Wardens (Mike Allcock and Paul Manchester); the Centre Manager Paul Smith, and our Project Manager Peter Leitch, along with two congregation members Alison Smith and Janet McBride.

Deanery Synod Team

The Deanery Synod team was established to form closer links between the Deanery Synod and PCC and to facilitate better channels of communication between the two groups. Currently serving on this team are Jacintha Manchester (Reader); Judith Davy (Electoral Roll Officer); Viv Dawson.

Leadership team

A preaching and leading team supports the Incumbent in her leadership of the church. They are involved in preaching and leading the services. Currently serving on this team are Jacintha Manchester (Reader); Helen Whitelegg (Reader); Rev Chris Viney (PT0), and Judith Willis who helps to lead the All Age Worship.

11. Priorities for 2025

Our priorities for 2025 are to:

12. Approval

This report was approved by the trustees and signed on their behalf by:

on

9

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

ST PAUL'S CHURCH, STALYBRIDGE

I report to the trustees on my examination of the accounts of St Paul's Church, Stalybridge ('the charity') for the year ended 31 December 2024 on pages 11 to 15 following.

Responsibilities and basis of report

As the trustees of the charity, the members of the PCC are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or 2. the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Archie McDowall

Archie McDowall (Jul 8, 2025 14:18 GMT+1)

Archie McDowall BA CA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date: Jul 8, 2025

Page 10

ST PAUL'S CHURCH, STALYBRIDGE

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
Income receipts
Voluntary receipts
3(a)
Fundraising income
3(b)
Church activities
3(c)
Investment income
3(d)
Loan repayments
Proceeds from insurance claim
Total receipts
Payments
Church activities
Parish share
Clergy and staffing costs
4(a)
4(b)
5
6
Total payments
Transfers between funds
7
Net movement in funds
Cash funds as at last year end
Cash funds at this year end
A
Net
of
receipts
/
(payments)
before
transfers
Mission giving and donations
Church running expenses
Fundraising expenses		 General
Designated
Funds
Funds
£
£
74,805
6,341
13,277
432
19,768
-
3,181
-
5,300
-
-
-
116,331
6,773
72,692
-
9,744
-
31,363
3,366
113,798
3,366
2,454
-
1,200
-
117,452
3,366
(1,121)
3,407
(3,180)
(5,787)
(4,301)
(2,380)
1,629
2,938
(2,671)
558
Unrestricted Funds		 Restricted
Funds
£
4,816
-
-
2,859
-
19,088
26,763
2,653
-
23,177
25,829
-
-
25,829
934
8,967
9,901
3,290
13,191		 Total
2024
£
85,962
13,709
19,768
6,040
5,300
19,088
149,867
75,344
9,744
57,906
142,993
2,454
1,200
146,647
3,221
-
3,221
7,857
11,078		 Total
2023
£
66,471
14,977
15,472
5,950
5,100
-
107,970
71,757
8,993
37,080
117,830
1,461
1,445
120,736
(12,766)
-
(12,766)
20,623
7,857

The notes on pages 13 to 15 form part of these accounts.

Page 11

ST PAUL'S CHURCH, STALYBRIDGE

STATEMENT OF ASSETS AND LIABILITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

A Cash funds
Bank accounts with immediate access
Petty cash
B Other monetary assets
Gift aid due to charity
Loans repayable
C Liabilities
Fee for Independent Examination
Utilities		 General
Designated
funds
funds
£
£
(2,871)
558
200
-
(2,671)
558
3,000
-
5,000
-
8,000
-
1,200
-
1,582
-
2,782
-
Unrestricted Funds		 Restricted
funds
£
13,191
-
13,191
-
-
-
-
-
-		 Total
2024
£
10,878
200
11,078
3,000
5,000
8,000
1,200
1,582
2,782		 Total
2023
£
7,757
100
7,857
2,990
10,300
13,290
-
-
-

In an earlier year the PCC had intended to pay Parish Share of £57,000 but was unable to do so.. The PCC holds title to two Trust Funds which hold funds that belong to the Diocese. The PCC has agreed to release these two Trust Funds to the Diocese and, when this take place, the Parish Share due for an earlier year will be settled. These Trust Funds are excluded from the investments listed in note E 'Investment Assets'.

D Assets retained for charity's own use

ets retained for charity's own use
Fund to
which asset
belongs		 Current
value
£
Computers and IT
Music and audio visual equipment
Furniture		 Unrestricted
Unrestricted
Unrestricted		 1,000
21,000
1,620
23,620

Current values have been estimated by the trustees. Consecrated property, beneficed property and moveable church furnishings which require a special faculty for disposal are excluded from the above list of charity assets.

E Investment assets

estment assets
Fund to
which asset
belongs		 Current
value
£
Investments with CCLA held by the Diocese as custodian for the charity:
Held for general purposes
Held to help with paying Parish Share
Held for other restricted purposes		 General
Restricted
Restricted		 115,000
100,000
300
215,300

The current values quoted in the above table are based on figures provided by the Diocese.

The accounts were approved by the trustees and signed on their behalf by:

_____Date

The notes on pages 13 to 15 form part of these accounts.

Page 12

ST PAUL'S CHURCH, STALYBRIDGE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1 Registration with the Charity Commission

The charity operates as a Parochial Church Council within the Church of England and so it could exist as an excepted charity until its income exceeded £100,000. This threshold for income has been exceeded and the charity registered with the Charity Commission in England & Wales on 1 August 2023. These accounts are the registered charity's first accounts and the comparatives are the results of the excepted charity for the year to 31 December 2023.

2 Accounting policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

To better comply with the Charity Commission's guidance on the preparation of receipts and payments accounts, the results reported for 2023 have been restated so that the Receipts and Payments Account (see page 11) only includes cash flows and cash balances. The charity's other assets and liabilities are listed separately in the Statement of Assets and Liabilities. Further information about the re-statement is given in note 8 below.

General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the PCC for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

3
a)
Voluntary income
Planned giving
Collections at services
Legacies
Government grants
Other grants
Other donations
Gift aid recovered
b)
Fundraising income
Property letting income
Other fundraising activities and events
c)
Church activities
Fees for weddings and funerals
Church and community activities and events
d)
Investment income
Interest from cash deposits
Dividends from CBF investment funds		 General
funds
£
54,081
3,220
-
-
900
2,941
13,663
74,805
13,178
99
13,277
6,567
13,201
19,768
57
3,124
3,181
Unrestrict		 Designated
funds
£
2,292
31
-
-
1,222
2,797
-
6,341
-
432
432
-
-
-
-
-
-
ed Funds		 Restricted
Funds
£
2,573
20
-
1,005
-
931
288
4,816
-
-
-
-
-
-
13
2,846
2,859		 Total
2024
£
58,945
3,271
-
1,005
2,122
6,669
13,950
85,962
13,178
531
13,709
6,567
13,201
19,768
71
5,970
6,040		 Total
2023
£
45,798
4,097
301
1,277
2,707
3,672
8,620
66,471
13,431
1,546
14,977
4,319
11,153
15,472
159
5,791
5,950

Page 13

ST PAUL'S CHURCH, STALYBRIDGE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4
a)
Clergy and staffing costs
Cost of payroll
Running costs for clergy accommodation		 General
funds
£
6,979
2,764
9,744
Unrestrict		 Designated
funds
£
-
-
-
ed Funds		 Restricted
Funds
£
-
-
-		 Total
2024
£
6,979
2,764
9,744		 Total
2023
£
5,931
3,062
8,993

Revd Emma Handley (who is a clergy member of the PCC) receive a stipend from the Diocese; the cost of these stipends is not included in the above payroll cost however it should be noted that some of the Parish share is used to help pay the stipends. Revd Handley as were provided with accommodation (which is customary for clergy) and the cost of this accommodation to the charity is disclosed in the above note. In the above table, the cost of payroll represents employment benefits paid to Paul Smith, who is a member of the PCC. These payments are permitted by the charity's governing document.

b)
Church running costs
Parish fees
Organ and other music costs
Cost of services
Children and youth ministry (including Bubble Church)
Other ministry expenses
Insurance
Office expenses including printing and telephone
Church light, heat and water
Church maintenance including cleaning
New furniture
5
Fundraising expenses
Cost of fairs and other fundraising activities
6
Mission giving and donations
GAP Ministries
Stalybridge Street Pastors
Other grants		 4,133
1,646
322
-
2,556
9,771
1,219
9,396
699
1,620
31,363
2,454
2,454
600
600
-
1,200		 -
910
738
900
-
-
-
818
-
-
3,366
-
-
-
-
-
-		 -
-
-
-
540
1,227
-
-
21,410
-
23,177
-
-
-
-
-
-		 4,133
2,556
1,061
900
3,096
10,998
1,219
10,214
22,109
1,620
57,906
2,454
2,454
600
600
-
1,200		 2,377
2,150
1,060
1,557
3,205
8,644
1,566
4,465
12,056
-
37,080
1,461
1,461
600
600
245
1,445

Page 14

ST PAUL'S CHURCH, STALYBRIDGE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7 Movements on funds

General funds
Designated funds
Alpha course
Choir
Defibrillator
Flowers
Heritage restoration
Lunch club
Messy church
Music
Nicola Worthington
Old parish share
Spring garden
Warm welcome
Restricted funds
Agency collections
Bell tower
Defibrillator
Flowers
Heritage restoration
Kitchen
Music
Nicola Worthington
Parish Share
Restoration
Relief in need
Spring garden
Warm welcome
Total funds		 Opening
balance
£
15,128
2
(2,560)
515
319
1,152
558
(265)
(1,012)
120
(56,775)
1,913
2,197
(53,837)
1,126
1,456
-
-
-
1,380
-
-
-
(1,344)
307
-
-
2,925
(35,785)		 Change of
basis
(note 8)
£
(13,499)
-
-
-
-
-
-
-
-
-
56,775
-
-
56,775
365
-
-
-
-
-
-
-
-
-
-
-
365
43,641		 Receipts
£
116,331
-
-
-
380
5,330
-
543
520
-
-
-
-
6,773
891
1,303
-
-
-
-
-
-
2,653
21,723
193
-
-
26,763
149,867		 Payments
£
(117,452)
-
-
-
(738)
-
-
(900)
(910)
-
-
-
(818)
(3,366)
-
(2,932)
-
-
-
-
-
-
(2,653)
(20,244)
-
-
-
(25,829)
(146,647)		 Transfers
£
(3,180)
(2)
2,560
(515)
39
(6,482)
-
622
1,402
(120)
-
(1,913)
(1,379)
(5,787)
-
-
515
(39)
6,482
-
(1,402)
120
-
-
-
1,913
1,379
8,967
-		 Closing
balance
£
(2,671)
-
-
-
-
-
558
-
-
-
-
-
-
558
2,382
(173)
515
(39)
6,482
1,380
(1,402)
120
-
135
500
1,913
1,379
13,191
11,078

During the year it was decided that the money held by some designated funds would be better described as being restricted and some designated fund balances were transferred to restricted funds. It was also decided that the deficits on some funds should be eliminated by making transfers from unrestricted general funds because the PCC did not expect to receive money in future years that would eliminate these deficits

8 Reconciliation with previously reported funds

As explained in note 2 'Accounting Policies', to better comply with the Charity Commission's guidance on the preparation of receipts and payments accounts, the results reported previously have been restated so that the Receipts and Payments Account only include cash flows and cash balances. The effect of this restatement is outlined below:

Reconciliation of reserves

Previously reported reserves, at 31 December
Adjustments arising from use of receipts and payments basis:
Exclusion of previously included debtors
Exclusion of previously included creditors
Re-stated reserves, at 31 December
Previously reported results
Adjustments arising from use of receipts and payments basis:
Excluded movements in debtors resulting in the recognition of more / (less) income
Excluded movements in creditors resulting in the recognition of less / (more) expenditure
Re-stated results
onciliation of results		 2023
£
(35,785)
(14,625)
58,266
7,857
2023
£
(18,632)
5,100
766
(12,766)		 2022
£
(17,152)
(19,725)
57,500
20,623

Reconciliation of results

Page 15